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DYDXUSD

DYDX/USD, Triple bottom formed? Buy Sign for me!Greetings, and welcome back to my analysis! I've been keeping a close eye on DYDX/USD since November of last year, and my analysis suggests that it has already formed a bottom. Currently, the price is at a key level of resistance on the weekly chart, specifically a supply level. As traders and investors, it's important for us to pay attention to these levels as they can indicate potential changes in market sentiment. A breakout from this level, where the price moves above the supply level, could signal a bullish trend and may present an opportunity to enter a long position. This is because a breakout from a supply level indicates that the bears have lost control and the bulls are starting to take control. Additionally, if the price does break out from this level, we should also be aware of retest and consolidation. Retest refers to the price coming back to the breakout level, to confirm that the level is indeed broken, and consolidation refers to the price moving in a tight range after the breakout. Both of these factors can indicate that the market is gathering momentum before continuing in the direction of the breakout. However, it's also important to note that we should also have an exit plan in case of invalidation, which means that the price falls below the supply level. This would indicate that the breakout was false and the bears are still in control of the market. This would lead us to close our long positions and wait for a new setup to form. Overall, DYDX/USD is currently at a key level of resistance, and a breakout from this level, along with confirmation through retest and consolidation, could present a bullish opportunity. However, we must always be prepared for the possibility of invalidation and have a clear exit plan in place.
CRYPTO:DYDXUSDLong
by RS_CryptoAnalysis
1
DYDXUSDT Triple Bottom!What is the triple bottom? The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance. Dydx is currently trading at 2.89 The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move. Thanks Hexa
Long
by HexaTrades
4
DYDXUSD broke above its 1W MA50, one last Resistance remaining.DYDXUSD broke on Jan 27 above its 1W MA50 (red trend-line) and by the looks of it will most likely close above it today for the first time. That is a major technical bullish break-out but at the moment not enough on its own to signal a bullish trend change. The level it needs to break is the 2.7300 - 2.8600 Resistance Zone, which has been holding since May and has basically formed the Accumulation Phase of DYDX during the bottoming process of the Bear Cycle. A break above it should eventually target the 7.15000 (April 04 2022) High on the long-term. A rejection could take us back to the 1D MA50 (blue trend-line) to test the buying pressure. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DYDXUSD
by TradingShot
Long Entry at Channel Bottom for dYdXGreetings, Snipers! DYDX has dropped >95% since its peak in 2021 DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements This may draw a potential sideway channel or a triple bottom pattern The $1.00 level is expected to be a strong psychological support $2.30 - $2.70 have posed to be a strong resistance level In the shorter time frame, we can trade this channel: We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84). Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well! Happy Sniping!
Long
by KryptoSnipers
DYDX price at a critical point, then "make it or break it"The DYDX price is now at a critical point On the one hand, the DYDXUSDT price is at the bottom of the trade that lasts for the last 6 months This price gives a good entry point for a medium-term trade +130% to $2.72 or a long-term trade +480% to $6.84 Stop for both positions below $1. The profit/loss ratio is more than adequate. What part of the deposit to buy DYDX, for the medium or long term and whether it is worth buying at all depends only on you and a little more on the market) This was the positive side of our analysis . On the other hand , the trend of DYDXUSDT will change only after the price consolidates above $2.72. And this may not happen, because on 17.01.23, 5.7 million coins are to be sold, which will be 0.57% of the maximum possible supply of DYDX and +4% to the current number of coins in circulation. And from February 2023, investors, consultants, and other early participants of the project will acquire ownership of DYDX, and we are talking about 100+ million coins The increased supply of coins on the market, according to the law of supply and demand , can significantly push the price down. The closer the DYDXUSDT price will approach $1, the higher will be the chance that the fall to $0.58 will not be avoided, and with it the development of the red scenario. For some, this will sound like a total negative, and for others as a chance to buy at a more favorable price. Earlier, in early November 2022, the price of DYDXUSDT showed a sharp increase from $1.20 to $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
Dydx price targets before unlock BINANCE:DYDXUSDTPERP ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Watch this potential plan before unlock coins at the beginning of February Possible Targets and explanation idea ➡️We trade over 230 days in an accumulation range. ➡️Before massive unlock coins at the beginning of February whales can pump #DYDX because they need liquidity to sell ➡️On weekly chart we formed 2 bottom and targets is 0.5 lvl and 0.78 lvl ➡️ After this level and unlock we can see pull back down again to main support level 2.70 - 2 $ per DYDX ➡️ Most hyped price when we can see FOMO on DYDX is 10-11$ ➡️ Its just local picture for middle term targets Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
2
Dydx short scalp setup before spot long. Hi @everyone, I just opened a short scalp trade on DYDX. If the short hits it targets we are going to hedge DYDX. (we are buying spot long ) As we showed in our previous post on DYDX that we expect a bullish rally if the downtrend is ending after the SPRING phase. The long position would be a ''SWING'' setup and could take weeks/months to achieve targets. While we are waiting for the spot long entries we are taking this short scalp trade. Entries (zone) and take profits for the short setup are in the menu on the chart. We will update this, and the previous DYDX ideas with the tradeplan for buying spot long, Regards, Team Quantistic
Short
by Quantistic
1
DYDX weekly double bottom. TargetsBINANCE:DYDXUSDT Before massive unlock coins at the beginning of February and by this pattern we can see huge rally and FOMO on this coin ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Weekly timeframe perfect double bottom. With 0.01$ beat previews high so it shows the future direction ➡️Beginning of February massive unlock coins from early investors and funds. We can see fake hype around before unlock ➡️Fib since drop in April still relevant ➡️Targets 0.5-0.618 lvl by Fib and 1.618 to bring FOMO ➡️After this targets Im expect drop one more time down to 3-2.70$ around March Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
RLinda ! DYDXUSD-> The price is in the risk zone. Up or down? DYDXUSD forms a strong momentum from the local bottom at 1.4633. The price reaches the channel resistance 1.7546, after a false breakdown of the upper boundary the price moves into the consolidation phase. The price enters the risk zone, if the DYDX overcomes the zone of 1.73, the potential to 1.819 - the peak of the volume according to the profile of the indicator will open. At the moment, the coin shows a confident growth mood. But, provided that the price forms a pullback and returns to the channel resistance and consolidates under the upper boundary, the price will continue to be in this range, in which case the price can fall to 1.4592 Regards to R. Linda!
BINANCE:DYDXUSD
by RLinda
24